Aqua America subsidiary to adopt repair tax accounting change in 2012 Aqua America announced that it intends to adopt the repair tax accounting change for its Pennsylvania subsidiary on Aqua America's 2012 federal income tax return to be filed in September 2013. This change, which the company previously announced it was evaluating, allows a tax deduction for investments that were formerly capitalized for tax purposes. The company will use flow-through accounting for the tax benefits of the repair tax accounting change per its previously disclosed Pennsylvania rate order from June 2012. The proposed action is a frequently implemented tax benefit that has been used by numerous companies, including utilities in recent years.
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